Rent vs Buy in Memphis, TN (2025)
Under 15 = buy, 15–20 = neutral, over 20 = rent
Median Rent
$1,100
/month
Median Home Price
$180K
Price-to-Rent Ratio
14x
Breakeven Years
6 yrs
Mortgage Rate
6.65%
Property Tax Rate
0.8%
Buy
Buying in Memphis makes financial sense
With a price-to-rent ratio of 14x and breakeven at 6 years, buyers who stay 5+ years typically come out ahead.
Ad
Memphis, TN — Rent vs Buy Calculator
$
%
%
yrs
%
$/mo
%
$
%
%
%
yrs